The regular air fare between Boston and San Francisco is $600.An airline flying 747s with a capacity of 480 on this route observes that they fly with an average of 400 passengers.Market research tells the airlines' managers that each $20 fare reduction would attract, on average, 20 more passengers for each flight.How should they set the fare to maximize their revenue?

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The Answer of The regular air fare between Boston and San Francisco is $600.An airline flying 747s with a capacity of 480 on this route observes that they fly with an average of 400 passengers.Market research tells the airlines' managers that each $20 fare reduction would attract, on average, 20 more passengers for each flight.How should they set the fare to maximize their revenue?

The Regular Air Fare Between Boston and San Francisco Is